H-1B Middlemen Bring Cheap Labor to Citi, Capital One

Most of financial services undercuts domestic IT and tech labor by laundering H1Bs through TCS (Tata Consulting Services), Wipro, Infosys, and Cognizant contracting.

How Thousands of Middlemen Are Gaming the H-1B Program - https://www.bloomberg.com/graphics/2024-staffing-firms-game-... | https://archive.today/Xlk5j - July 31, 2024

How middlemen are gaming the H-1B program - https://news.ycombinator.com/item?id=41123945 - July 2024

If you actually dig into the numbers around immigration labour, you'll be shocked. The 65k cap is completely irrelevant. The actual cap is often (legally) unlimited.

1) +20k for those with advanced degrees

2) +80k L-1 visas, these are international transfer visas heavily used by WITCH companies. These are unlimited.

3) +160k OPT visas, these are 3 year work visas for international students who took a masters or PhD in the USA. This in particular is unlimited and has been growing at ~20% annually compounded for some time

4) +150k H4 visas, which is a dependent visa for immigrants who have some other visa

5) +65k F4 visas, which are for siblings of immigrants

Net is several hundreds of thousands of white collar workers enter the USA every year. This is an absolutely astounding amount, especially in proportion to how often it's talked about.

Daydream: Companies that want lots of H-1B's for lower-paid worker must first hire lots of low-paid H-1B managers and exec's.